EB Watch List Update Report
Dear Members:
Market Update:
The trading day and month is coming to an end with all of the major indexes higher. Really not much has changed since yesterday or even for the week as traders await the outcome of talks between the US and China which are taking place this weekend. Thus the consolidation continues. Things could look much different on Monday with resistance on the S&P still at 2964 and support at 2880 and if one of those goes we'll have a better idea of where the market might be headed in the near term.
Companies reporting earnings today (June 28)
Before Market Opens:
STZ
After Market Closes
None
Companies reporting earnings Monday (July 1)
Before Market Opens:
None
After Market Closes:
None
ADDITIONS TO WATCH LIST
We will keep you posted on any new additions to the Watch List.
BRIEF COMMENTS ON WATCH LIST STOCKS
SHORTS:
None
LONGS:
Large Cap Watch List
OMC - Stock is higher by about 1% as it hit its highest level since April 22. Would like to see it close above that $81.80 level which would be bullish.
LULU - Stock is down slightly as it continues to consolidate. A close back above today's high of $181.11 would be bullish.
Medium Cap Watch List
PRSP - Stock is lower by almost 1.5% as the stock shows signs of weakness and as it tests its 50 day moving average. Please note that we are RAISING OUR STOP to any close below $22.50.If the stock closes below that level today it will be removed from the Watch List.
Small Cap Watch List
None
Deletions from Watch List
None
At your service,
John Hopkins
EarningsBeats